Enterprise and Society Advance Access originally published online on June 21, 2007
Enterprise and Society 2007 8(3):758-760; doi:10.1093/es/khm058
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Copyright © The Author 2007. Published by Oxford University Press on behalf of the Business History Conference.
Robert E. Wright. The First Wall Street: Chestnut Street, Philadelphia, & The Birth of American Finance
Robert E. Wright. The First Wall Street: Chestnut Street, Philadelphia, & The Birth of American Finance. Chicago: The University of Chicago Press, 2005. vii + 210 pp. ISBN 0-226-91026-1, $25.00 (cloth)
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The First Wall Street is Robert Wright's latest installment in his campaign to highlight financial institutions as the driving force in the economic and political history of the Early Republic. Wright reminds us that prior to Wall Street's ascendance in the 1830s, Chestnut Street in Philadelphia was the nation's financial center and the birthplace of some of America's most important financial innovations.
Wright argues that despite its physical disadvantages as a port, Philadelphia thrived because its climate of
University of Virginia